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Chinese auto-interior parts maker that acquired Germany's Grammer AG, making seats, headrests and interior components.
Chinese auto-interior parts maker that acquired Germany's Grammer AG, making seats, headrests and interior components.
Most revenue now comes through Grammer, the German seat and interior supplier it took over in 2018, which supplies truck, tractor and car makers under long-running programs, while the Chinese parent's own interior-parts business serves domestic automakers.
In one line: A Chinese-owned Adient/Lear seating combination.
Moat: narrow (scale, customer qualification). Grammer acquisition brought established global OEM seating programs and engineering IP.
Headquarters: Ningbo, Zhejiang, China · Employees: 18,827
Size Ningbo Jifeng Auto Parts (603997.SS) is a China Consumer Discretionary company (Auto Parts: OEM) with a market value of $2.13B, the 1191st largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥11.19 on 6 Nov 2026.
Performance Over six months the shares fell 8.1%, against -17.6% for the median peer and -16.4% for the China market (cap-weighted) — 8th highest of 21 in its peer set.
Growth Revenue grew 21.5% over the last twelve months (peer median +11.6%); the operating margin is 4.0% (peer median 5.4%).
Valuation It trades at 17.3× forward earnings against a peer median of 17.3× (10th most expensive of 20).
Capital Return on invested capital runs 3.8 points above its cost of capital (6.5% WACC).
Next results Next results expected around 1 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥26.1B | CN¥22.7B | CN¥22.2B | CN¥21.5B | CN¥17.9B |
| Revenue growth | — | +2% | +3% | +20% | — |
| Gross profit | CN¥4.71B | CN¥3.45B | CN¥2.92B | CN¥2.98B | CN¥2.13B |
| EBITDA | n/a | CN¥1.76B | CN¥957M | CN¥1.49B | CN¥1.03B |
| Net income | CN¥699M | CN¥454M | -CN¥567M | CN¥204M | -CN¥1.42B |
| Free cash flow | -CN¥384M | CN¥539M | -CN¥1.11B | CN¥379M | CN¥203M |
| Capital expenditure | CN¥1.44B | CN¥1.22B | CN¥1.39B | CN¥1.28B | CN¥853M |
| Total debt | CN¥9.28B | CN¥8.29B | CN¥7.93B | CN¥6.49B | CN¥6.18B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Ningbo Jifeng Auto Parts 603997.SS | $2.13B | -8% | +21% | 4% | 17.3× | n/a |
| Adient ADNT | $1.26B | -28% | +4% | 3% | 6.1× | -17.6% |
| Lear LEA | $5.31B | -21% | +4% | 4% | 6.9× | -1.3% |
| Shanghai Daimay Automotive Interior 603730.SS | $2.90B | -18% | -2% | 13% | 22.7× | 13.0% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 603997.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -16.9% | -7.2% | 4th lowest of 21 |
| 6-month return | -8.1% | -17.6% | 8th highest of 21 |
| Distance from 52-week high | -29.8% | -39.6% | 6th highest of 21 |
| Revenue growth (TTM) | +21.5% | +11.6% | 5th highest of 21 |
| Operating margin | 4.0% | 5.4% | 6th lowest of 21 |
| Forward P/E | 17.3× | 17.3× | 10th most expensive of 20 |
| ROIC minus cost of capital | +3.8 pp | -0.6 pp | 4th highest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Ningbo Jifeng Auto Parts 603997.SS | China | $2.13B | -8% | +21% | 4% | 17.3× | n/a | n/a |
| Autel Intelligent Technology 688208.SS | China | $2.14B | -37% | +14% | 19% | 13.2× | 5.0% | +25.2% |
| SPR Auto Technologies SHRIPISTON.NS | India | $2.10B | +19% | +47% | 14% | 30.5× | 31.3% | +22.9% |
| Dana DAN | United States | $2.17B | -38% | -9% | 4% | 6.1× | 8.8% | +1.1% |
| Belrise Industries BELRISE.NS | India | $2.19B | -6% | +12% | 8% | 31.6× | 18.6% | +13.0% |
| Ningbo Hengshuai 300969.SZ | China | $2.07B | -4% | +16% | 15% | 75.9× | 43.2% | +22.7% |
| Hesai 2525.HK | Hong Kong | $2.20B | -39% | +39% | 1% | 34.2× | n/a | n/a |
| Keboda Technology 603786.SS | China | $2.20B | -32% | -1% | 10% | 20.4× | n/a | n/a |
| IKD 600933.SS | China | $2.21B | -16% | +26% | 14% | 13.3× | n/a | n/a |
| Jiangnan Mould & Plastic Technology 000700.SZ | China | $2.05B | +24% | -3% | 5% | 23.6× | 11.9% | +3.1% |
| Chongqing Zongshen Power Machinery 001696.SZ | China | $2.25B | -24% | -5% | 5% | 17.3× | 7.6% | +9.6% |
| Toyota Boshoku 3116.T | Japan | $2.28B | -9% | +8% | 2% | 7.7× | -7.3% | +9.9% |
| Huada Automotive Technology 603358.SS | China | $2.28B | +3% | +5% | -3% | 24.7× | n/a | n/a |
| Ningbo Xusheng 603305.SS | China | $1.98B | -26% | +12% | 7% | 27.5× | 9.2% | +22.1% |
| Weifu High-Technology 000581.SZ | China | $2.29B | -11% | +17% | -3% | 10.2× | 16.4% | -1.4% |
| Hanon Systems 018880.KS | South Korea | $2.31B | -28% | +5% | 4% | 12.3× | 3.6% | +9.6% |
| Forvia FRVIA.PA | France | $1.93B | -20% | -32% | 5% | n/a | -8.3% | +8.1% |
| Sundram Fasteners SUNDRMFAST.NS | India | $2.40B | +24% | +17% | 12% | 31.6× | 28.4% | +11.6% |
| Stanley Electric 6923.T | Japan | $2.41B | +1% | +11% | 7% | 9.9× | 1.3% | +7.6% |
| Visteon VC | United States | $1.87B | -34% | +2% | 5% | 8.0× | 5.3% | +8.1% |
| Foryou 002906.SZ | China | $1.87B | -25% | +28% | 5% | 13.9× | n/a | n/a |